Argentina holds 'constructive' IMF talks

Argentina's Economy Minister Roberto Lavagna described talks with IMF chief Horst Koehler on Monday as constructive but said there was no change in its offer to repay its defaulted debt at 25 cents on the dollar.

Lavagna expressed optimism ahead of next week's talks in Buenos Aires but said "We'll see" when asked if his country would make its $3 billion March debt payment to the IMF.

"When people ask about the future, it's important to recall that Argentina has been fulfilling all of its commi